Hindustan Construction reports strong order backlog, deleveraging efforts

Hindustan Construction Company (HCC) reported a standalone turnover of ₹957.8 Cr in Q2 FY26, with a standalone net profit of ₹36.7 Cr and EBITDA margins at 16.1%. The company secured three new orders totalling ₹2,770 Cr, including two packages of Patna Metro and an Aluminium smelter expansion project from Hindalco. Additionally, HCC has bids under evaluation worth ₹29,581 Cr and a bid pipeline of approximately ₹57,000 Cr, reinforcing strong business momentum.

The company's order backlog stands at ₹13,152 Cr, diversified across transport (63%), hydro (22%), nuclear & buildings (12%), and water (3%) sectors. Geographically, the order book includes significant shares in Uttarakhand (27%), Bihar (19%), and Gujarat (16%). HCC also made progress in deleveraging, with ₹339 Cr in prepayments in FY26 and an additional ₹450 Cr repayment expected in Q3, bringing the total debt as of October 31, 2025, to ₹3050 Cr.

Operational updates include the inauguration of Mumbai Metro Line 3 (Pkg UGC02) by the Prime Minister on October 8, 2025, and the synchronisation of Tehri PSP Unit 7 with the Grid. Vishnugad Pipalkoti HEP saw 7.5 km of TBM mining completed out of 12.1 km. Furthermore, the company is on track to complete a ₹1000-1100 Cr Rights Issue capital raising in Q3.